Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/7/2013 (1 year ago)

Catholic Online (www.catholic.org)

Many treatments are out of reach for many, forcing medical community to scale back

The U.S. recession and weak economy contributed significantly to a slowdown in spending - which certainly affected money spent on healthcare by Americans. Coupled with less generous benefits resulted in higher out-of-pocket costs. Less generous coverage and less disposable income, people in the U.S. consumed fewer health services. The good news is that spending growth also slowed among those whose health benefits haven't changed, including Medicare patients, suggesting a more enduring trend.

The news isn't all good. It also reflects the fact that the cost of consuming health care has far outpaced wages over the past several years, leaving many people and families unable to afford services they may need.

The news isn't all good. It also reflects the fact that the cost of consuming health care has far outpaced wages over the past several years, leaving many people and families unable to afford services they may need.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/7/2013 (1 year ago)

Published in Health

Keywords: Health care spending, recession, Congress, budget, Obamacare


LOS ANGELES, CA (Catholic Online) - A study of this economic rends was undertaken by Harvard researchers. "Our findings suggest cautious optimism that the slowdown in the growth of health spending may persist - a change that, if borne out, could have a major impact on US health spending projections and fiscal challenges facing the country," the authors write.

As a result, the Congressional Budget Office has since revised its projections of Medicare and Medicaid spending over the coming decade downward by hundreds of billions of dollars.

The study also determined that the recent slowdown doesn't just reflect temporary economic weakness, but also structural shifts in how health care is delivered and financed. This may be to the Affordable Health Care Act and might be a harbinger of a longer-term trend.

If this prediction is accurate, workers can expect higher wages and the country's projected medium term deficits are significantly overstated, which in turn suggests lawmakers' continuing finagling with the current budget deficit, and deficits over the coming decade, are misguided.

As an adjunct, health care economist David Cutler attributes the majority of the slowdown to fundamental changes. This may be attributable to slowing technological and pharmaceutical innovation and increased efficiency among providers. If current trends continue, he concludes, then over the next 10 years "public-sector health care spending will be as much as $770 billion less than predicted. Such lower levels of spending would have an enormous impact on the U.S. economy and on government and household finances."

Studies over the past few years have been unspecific about the non-macroeconomic causes of the spending growth slowdown, and guarded about the likelihood that it will persist. Analysts have been cautious about attributing any of it to the slow move away from fee-for-service medicine, which the Affordable Care Act hopes to accelerate.

The news isn't all good. It also reflects the fact that the cost of consuming health care has far outpaced wages over the past several years, leaving many people and families unable to afford services they may need.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for December 2014
Christmas, hope for humanity:
That the birth of the Redeemer may bring peace and hope to all people of good will.
Parents: That parents may be true evangelizers, passing on to their children the precious gift of faith.



Comments


More Health

New plague panic? New strains of malaria appear immune to current treatment Watch

Image of Mass drug treatments have been tried before with varying success.

By Astrid Zweynert, Thomson Reuters Foundation

Ka Lar Nar caught malaria for the sixth time when he was working away from home on his small farm in the jungle of southeastern Myanmar but this time it was a lot harder to get rid of it. MIN SAW, Myanmar (Thomson Reuters Foundation) - After testing positive for ... continue reading


Growing the Church in China

Image of

By John Smagula

The world's best teas are grown in China, but many of these teas are unknown in the United States. Remote tea farms in exotic locations produce teas that rarely reach the American teacup. Of the 1.75 million tons of tea that China produces each year, less than 2% is ... continue reading


Superbugs strike again: 10 million expected to die annually by 2050 Watch

Image of Drug resistant infections, like E. coli, are expected to resist more antibiotics, making infection prevention impossible.

By Abigail James (NEWS CONSORTIUM)

Drug resistant infections currently cause 700,000 deaths worldwide each year. If something is not done to adamantly fight against antimicrobial resistance, a new study professes that number will grow. LOS ANGELES, CA (Catholic Online) - Antimicrobial resistance will ... continue reading


If they can't heave health care than neither should you! The hidden agenda behind Obamacare! Watch

Image of President Obama's Affordable Care Act has failed utterly and completely. It has done nothing but harm the United States and its citizens through direct action and ignorance.

By Matt Waterson (NEWS CONSORTIUM)

When President Obama undertook his extensive campaign to pass the Affordable Care Act (ACA) one of his chief promises was that individuals were guaranteed the right to keep their current physicians, another was that the ACA would allow those on the new health ... continue reading


Explorer Christopher Columbus did not bring 'STD's' back to Europe Watch

Image of Christopher Columbus has a lot to answer for -- but according to some scientists, bringing syphilis from the new world to the old was not one of them.

By Catholic Online (NEWS CONSORTIUM)

Spanish explorer Christopher Columbus had a lot to answer for - but bringing back syphilis from the new world to Europe was not one of them. A skeleton excavated from a grave in Croatia has disproven this theory, suggesting that the sexually transmitted disease ... continue reading


GOOD NEWS: HIV's ability to cause AIDS weakening worldwide, study finds Watch

Image of Some 35 million people currently have HIV and AIDS has killed around 40 million people since it began spreading 30 years ago.

By Catholic Online (NEWS CONSORTIUM)

Just in time for World AIDS Day, December 1st. comes some most encouraging news: The world has finally reached "the beginning of the end" of the AIDS pandemic, a leading campaign group claimed today. LOS ANGELES, CA (Catholic Online) - According to a study of ... continue reading


Fountain of Youth discovered at last? Revolutionary wrinkle cream heralded Watch

Image of Created by Professor Chris Toumazou, Regius Professor at Imperial College London, among his many other accomplishments invented the cochlear ear implant, the artificial pancreas for Type 1 diabetics and the wireless heart monitor.

By Catholic Online (NEWS CONSORTIUM)

Emollients, moisturizers and facial scrubs are typically used by consumers to keep unsightly wrinkles off the face. Many forego aging gracefully and strive to maintain a youthful face well past middle age. Now, a brand new "wrinkle cream" which uses the client's ... continue reading


How the Obama administration just sued itself over Obamacare enforcement Watch

Image of Obamacare may be intended to have a disruptive impact on medical care, leaving the government as the only agency which can resolve the problems it has itself created.

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

Obama may face added backlash against his signature healthcare plan as leading CEOs are challenging Obama's "workplace wellness" programs. Although Obamacare has largely been popular with big businesses in the US, its interference with business practices are proving ... continue reading


HEALTH CARE MAJOR FAILURE: One in three Americans postponing medical care due to costs, poll says Watch

Image of Those who already had health coverage are frequently seeing their deductibles go up along with their premiums.

By Catholic Online (NEWS CONSORTIUM)

Health care reform was supposed to make health care more affordable - it obviously didn't work as one in three Americans has put off seeking medical treatment in 2014 due to high costs. Especially shameful is the fact that this is the highest percentage since ... continue reading


DIAGNOSIS BREAKTHROUGH: Doctors may soon detect 'pre-cancers' in blood samples Watch

Image of The teams independently found three genes whose mutations accounted for most of the blood cancer risk they saw.

By Catholic Online (NEWS CONSORTIUM)

Two separate studies testing the DNA of people have yielded what may be a diagnostic breakthrough. It's been learned that many older people silently harbor a blood "pre-cancer." This is a gene mutation acquired during the course of a lifetime that could start ... continue reading


All Health News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Saint of the Day

Saint of the Day for December 18th, 2014 Image

St. Rufus
December 18: Rufus and Zosimus were citizens of Antioch (or perhaps Philippi) ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter